Texas Border Business
AUSTIN – Governor Greg Abbott championed Texas’ booming energy industry and highlighted the progress that Texas made in 2024 to increase the electric capacity of the state grid and invest in an all-of-the-above energy approach to solidify Texas as the world’s energy hub.
“Texas would not be the energy capital of the world without the hard work of the men and women of the energy industry,” said Governor Abbott. “As Texas continues to experience unprecedented growth, we will remain a leader in energy while also bolstering the Texas grid to meet the growing demands of our great state. In the last twelve months, we increased dispatchable power capabilities of the grid ensuring that every Texan has access to affordable and reliable power. Working together, we will continue to strengthen our energy industry and increase capacity to ensure every home and business has the power needed to thrive in 2025 and beyond.”
2024 HIGHLIGHTS FROM TEXAS’ ENERGY SECTOR:
Governor Abbott Touts Texas Energy During Fireside Chats In 2024
Governor Greg Abbott this year touted Texas’ robust energy sector during fireside chats across the state and discussed the crucial work the men and women of the energy industry do to keep the state the energy capital of the world.
At the Dallas Citizens Council 2024 annual meeting earlier this month, Governor Abbott championed the state’s energy sector, highlighting Texas as No. 1 for wind power generation and No. 1 for utility-scale solar capacity that cements Texas as the energy capital of the world. Additionally, Governor Abbott discussed Texas’ ongoing efforts to become the epicenter of the nuclear energy supply chain to help power the state grid.
During a fireside chat at the Lone Star Energy Forum in November, Governor Abbott discussed the Texas Energy Fund and noted that Texas should prioritize nuclear energy deployment to ensure Texas continues to utilize robust energy sources to meet growing demands.
While speaking at the Texas Electricity Policy Summit in April, Governor Abbott touted Texas as the No. 1 state for wind-powered generation and the top state in the nation for utility-scale solar, with fossil fuel power serving as the backbone of the Texas grid. Additionally, Governor Abbott mentioned that he signed a law last year that created the Texas Energy Fund to provide up to $10 billion over the next four years in loans and grants to expand or build new dispatchable power across the state.
In February at the NAPE Summit with Oklahoma Governor Kevin Stitt, Governor Abbott highlighted Texas’ robust energy sector and ways the state can continue to defend this critical industry from federal government overreach. The Governor also touted new records set by the state’s booming energy industry this past year, including in crude oil production, natural gas production, and natural gas liquids production.
